THUR 12-27

[clinton]

SPY 1min obv very normal so far today

[clinton]

Consumer Confidence Slides As Economic Outlook Plunges Most In 7 Years

[clinton]

spy 1 min OBV is riding the LOD

this sucker should drop

[clinton]

Finally The Rally We Have Hoped For People Is Here (But Is It Real?) – Mike Swanson (12/27/2018)
Finally! Yesterday we got a big up day in the stock market. As I wrote you Monday morning before the day of selling hell I was hoping for a stock market bounce this week to help people.
But was yesterday the start of a real rally or will it just end up being a one day wonder like the several we have seen in the past few months?

That’s the tough question one faces buying into a market trading like this.

I do think this can carry over into January, much like the bounce we saw in early November. Let me give you the resistance points you need to keep your eyes on

First, you need to know that I didn’t say I was betting on a rally Monday or that I was predicting one. We are still in a serious bear market situation we need to prepare for later in 2019, because the stock market averages still remain below their 200-day moving averages and almost all of the popular stocks like FB, NVDA, and AAPL are way below them in stage four downtrends.

That means we are not going to see this market rally straight back up to its highs on this move.

But it does mean that we can be happy that it is happening so that people can get some relief from the bear attacks and hopefully some reading this will sell their laggards when it runs out of steam and move that money into things going up more consistently.

Personally, I actually did a buy yesterday. It wasn’t of a stock though, but of a commodity ETF (not gold or silver) as there is action now happening outside of the stock market were you can do more than just play bounces.

Members of my private Power Investor group know exactly what I bought.

Here is a chart of the S&P 500. The resistance points to watch now are the 1/3 and 50% retracement levels of the 2018 top and recent low.



The 1/3 retracement level is roughly at 2556 and the 50% retracement point is in the 2637-2650 zone. That latter level is pretty far away at this point.

This rally will be real for as long as it lasts and then the bear will be back to bring it down. I plan on using it to bet against more junk POS stocks in January. That doesn’t mean I don’t buy things. I bought something yesterday!

Now if you want to buy something on this move I WOULD NOT do blind buying without a plan. Even with yesterday’s big up day most people still feel trapped in the market because they just bought a hot tip or chased something without a good entry point months ago and are now underwater.

[clinton]

Dec 26, 2018 13:15:47 GMT -5 clinton said:

bought my GE puts back

Have to leave my desk so Im taking profit here +25%

[theMist]

S&P 15 min chart

Potential bottom pattern if breaks above that resistance line
measures high 2500

[clinton]

looks like more rebalancing Im going to buy puts in the last min

[clinton]

LONG GE PUTS

didnt have the guts to wait till last min haha

[theMist]

I believe the Pension Fund rebalancing is going to be tomorrow and last day of year as well

That's been a big mover in the markets since they are BUYING up equities.

This is a technical breakout so I'm going to ride markets long until high 2500 and then
look to reload short

S&P weekly putting in a bottom candle off the 200 week moving avg (just need to see how tomorrow closes out)
but backtest of this breakdown can get all the way to SP2600ish

[clinton]

Dec 27, 2018 15:58:14 GMT -5 theMist said:

I believe the Pension Fund rebalancing is going to be tomorrow and last day of year as well

That's been a big mover in the markets since they are BUYING up equities.

This is a technical breakout so I'm going to ride markets long until high 2500 and then
look to reload short

if they are rebalancing I think the use the futures to gap down again so they can buy cheaper

[theMist]

That late day 600 pt selloff at 2:17pm est was prepping for the big buying going into the close

The rebalancing also fueled the 1000 pt up day

[theMist]

Here is S&P Weekly chart

S&P should backtest and get up to circled area SP2600ish